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to be leader nancy pelosi because she may have to deliver some democratic votes to get something done. >> reporter: absolutely. pelosi and mcconnell are really going to sort of step into the center stage at this point in time. they are going to be crucial as well as, of course, house speaker john boehner, but really there's going to be a lot of focus right now on the senate because, as you remember, house speaker john boehner tried to get his own bill passed through the house. that didn't happen. he didn't have enough votes, so essentially everything shifts right now to the senate. so harry reid, mitch mcconnell, nancy please elosi on the house to say here are the number of democrats i could get if you offer a compromise package. but this is really a tough situation because there's so little time left and we've already seen the markets impacted by this. so if we do go over the cliff, if you look at the polls, most americans saying republicans will bear the brunt. they will blame republicans, but the bottom line is the president will get a lot of blame as well because this is going to
the policies of nancy pelosi, if you just compare them, technocratically speaking, nancy pelosi never lost a vote. she never once got so confused and lost control of the group she was supposed to be leading, she never got caught out saying something was going to pass. she never put up something to pass and had it fail. whether or not you like what nancy pelosi stands for, as a speaker of the house, nancy pelosi was good at her job. john boehner is not good at his job. we've ventured this as a hypothesis very early on in his speakership, i mean right from the beginning. it seemed like there might be something amiss, right? on the first day as speaker, he tried to have republicans pull off the stunt where they would read the whole constitution from the floor of the house. but even on day one, john boehner could not manage his own symbolic gesture. they skipped parts of the constitution. they skipped parts they did not like. and some parts they skipped because they were reading it out of a loose leaf binder and the pages stuck together. right then we should have known that was a bad sign. joh
like the meeting may have broken up. there goes nancy pelosi, and we are told now house speaker boehner may have already left, and, no, they are not talking to reporters. nancy is looking for her car to leave the white house, and we're not getting anybody talking to the reporters at this point, so maybe we'll get some -- and i'm told now the futures market in the after-hours pegs is extending the losses that we've been seeing in the last hour of trade. maybe we'll get eamon javers to get in front of the camera when we come back. stay tuned. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> congressional leaders have just left the white house about an hour and 20 minutes arr
congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit
>>> breaking news here. president obama, vice president biden, mcconnell, pelosi and reid and boehner are meeting to discuss the fiscal cliff. we are hearing the president's planning to present a smaller offer. for the latest, we bring in peter alexander from the white house and mike viqueira from capitol hill. peter, let's talk about what's going on at the white house meeting. i hear senators are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would
much time can we spend spinning our wheels today we met nancy pelosi, making fu of republicans. a guy dressing up as santa claus. bringing 200 pounds of coal to republicans. distractions in such high taxes coming. what will it take to get these two sides together? >> well, we talk about distractions. we have the president telling us that we need some kind of cooling off period. this is a president that had two yearwith the democratic house and senate. and everyday come theyoke upup and did not raise taxes. so they really wanted to do this, if they really believe, they ant their taxes to go up on earners making more than $250,000 tunnel were we waiting until the last minute? ten days before the tax hike said. it is a mystery that they are saying that this is an emergency one they had to two years they could have done before. gerri: okay, this is what plan b was under john boehner. if you make a million dollars one year you paya pemanent estate tax at 35%, not 50%. that will go into effect january 1. if plan be is a no go, what will plan c look like? by the way, i love your red jacket.
shot here. now, want to show you the players. president, there in the middle, democrats nancy pelosi and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says h
. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we have any word on whether there is an agreement, we'll bring it to you. >> jessica, it's interesting to me the p
of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house sp
connell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who know how to work things out. speaker boehner stepping out of it at this point because he has not been able to produce a deal to date and it's not
pelosi's solution. raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan brk. it was not successful. hastert had some unkind words saying i don't want to be critical of john, but you don't ever bring something to the floor if you don't have the votes. did the speaker miscalculate and do you think he'll be challenged for the speakership? >> no, he's not going to be challenged for the speakership. he didn't bring it to the floor. he decided not to, but he could have if they had had even 30 democrats willing to say i'll do what nancy pelosi said we should do and that plan brk would have passed. it would have demonstrated we were willing to put revenue on the table and got the wheels gree greased a little bit for a negotiation. >> john harwood tweeted this. he said gop house members and colleagues, i blame most of this on a block of about 50 members who have the political judgment god gave a goose. do you think the far right of your party is a big part of the problem in washington right now? >> i think the extremes
hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come
that nancy pelosi had suggested back when it was her idea. and the president just simply dismissed it out of hand. he said raising taxes on only people mdking $1 million or more a year isn't going to cut it. and so i don't really -- i don't see how, given the things that harry read and president obama have dismissed out of hand that speaker boehner brought them. i don't know what speaker boehner could bring to make them budge other than 100% of everything president obama now says he wants. >> one of the others things americans want and when they voted was on the back of their mind is this country needs a balanced budget like all of us have had to reevaluate our budgets. who is committed to that? >> well, i think that a lot of the stalwarts in the house to made the promise of not raising taxes, that where the people are most adamant about the importance of a budget. we're looking at five years now, is that possible? five years in the senate. harry reid has not been able to produce a budget and the budget president obama recommended last year or two years ago when to the democratic senate a
rapidly move to the solution to the situation. >> nancy pelosi tried to do that and the signature is not there. chuck hegel was a colleague of yours. are you surprised about the criticism he received from the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas. >> joining us to talk big picture and the president's second term cabinet, nbc editor mark murray was the december employee of the month. congratulations. >> excuse me. you heard from senator sanders saying the lack of urgency hasn't been a problem, but if you look at it for all intents and purposes, boehner removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with pres
of the simpson-bowles plan, not good enough. in the second part of the proposal he took part of what nancy pelosi offered may of this year to raise taxes of 1 million and above. what has the president offered? and basically jamie with both proposals in ten years we're still going to have 21 trillion dollars worth of debt. >> jamie: angela. >> both proposals-- yes? >> not every republican agrees with speaker boehner on the compromise so there's pushback on both sides from democrats who control the senate and from the president and from some fellow residentiapublicans we taken a step back? i want to ask both of you, angela first. >> here is the rub, president obama knows nothing about being a great legislator and the tea party doesn't either. it's great to run on principle and sign a pledge you won't raise taxes, but in d.c., jamie, you have to compromise. ronald reagan figured that out, bill clinton figured that out, lbj was with the civil rights legislation figured that out. both sides need to come together again, it's on president obama, harry reid and the tea party. >> jamie: let's get michael
pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a politician, he is pretty -- he is pretty amazing. in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agreed to when
the idea, give us another suggestion, but don't do what nancy pelosi has done where saying spending cuts are off the table. in that case we're negotiating with ourselves again. >> i'm sorry, we have to leave it there. congressman, have a pleasant flight back across the country tomorrow evening. >> it's always a joy. >> all right. >>> let's hear from the other side. representative allyson schwartz is a democrat from pennsylvania. michelle, jump in. >> she sits on the ways and means and budget committees. thanks so much for joining us, representative. you just heard that whole discussion. why is it, madam, that the democrats seem so resistant to any kind of reform to entitlements? >> well, actually, that's not true. as you certainly know, the president offered very, very straightforward spending cuts, over a trillion dollars he's already done. another trillion, 1 or 2, that the president put on the table in his last offer. it included $400 billion in savings from medicare and $200 billion from savings in medicaid. those are not easy, but the democrats have actually put medicare on a path t
pelosi was speaker of the house, the 110th congress had roll call votes, over 1,000 roll call votes, and with speaker boehner, only 444 roll call votes leading to 219 pieces of legislation. should the american people feel as though you all are simply not doing your jobs? >> the answer to that question is yes, i think that the american people have a right to be skeptical of the work being done in washington. part of that is the political dynamic. i don't know if i would just count the number of votes. we are not commemorating sports teams and honoring, you know, naming the weeks and the days after which ef vegetable we choose for this week, and national tomato month. but that is something that we don't do in this congress so that the number of votes is going to be a lot less, but the productivity is going to be based on doing what is right for the american people, and doing big things and doing things that are going to help the country. i think that the american people are right to look at the output from the legislative standpoint saying that this congress could be doing a lot bette
democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you are probably referring to this three day period that the house
a consensus in the middle. does john boehner need nancy pelosi in order to get anything passed? >> reporter: yes, absolutely. no question about it. that became incredibly obvious when he couldn't even get his own republicans to effectively save them from themselves and at least have some political cover by voting to keep tax cuts in place for everybody except millionaires because they said they wouldn't help him with what they call a political ploy. i think that's true but actually talking to people on both sides of the aisle here, because the ball is now in the senate -- the senate's court, the feeling is that if they can kind of break the dam in the senate and if something actually passes, you've already seen over the past two days house republicans saying that they hadn't said before, if the senate passes something, we'll take it up. and if that's the case, the sort of betting is that with the help of the majority of the democrats, probably most of the democrats and maybe, you know, a few dozen or more republicans, that's how it would get passed. but, candy, it's still a big if, as we ju
's point, look, democrats have their own up issues internally. nancy pelosi leader democrats in the house and harry reid, leader of senate democrats essentially saying entitlements are off the table when we know entitlements are the biggest drivers of debt. gregg: there may be a reason for that. marjorie, senator john barosso chairman of the republican policy committee put his finger on it. he believes the president is eager to go over the cliff for political reasons because he senses victory at the bottom of the cliff. those are his words verbatim and, you know, then the president gets to punish republicans. and he also might get more money in a for taxpayers, from taxpayers to expand the government. what about that? >> well i have a really hard time believing anybody, republicans or democrats would win from going over the cliff. talking about potentially putting country in recession, what it would do to the markets. here's the deal. these type of negotiations what we lost a $4 trillion opportunity when boehner and obama were at the table having talks prior to the holiday. what we're loo
it very difficult to lead. nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta. what are you seeing there? >> reporter: well, joe, it's pretty steady here. it's getting a little bit more crowded as the evening goes on. but i can tell you that some people are heading home after christmas and finding it tough to travel today because of that massive storm barreling through the country. it's wreaking havoc on the roads and in the air. snow, ice and high winds. >> we want to get out. >> it's always scary when you're flying that you'll be stuck in the airport. >> reporter: as massive storm it that left many in the midwest and parts of the south with a white christmas is po
mcconnell and leader pelosi to receive an update on the ongoing fiscal cliff negotiations. that's all the information that we have. we don't know what those leaders spoke about with the president during those call bus i would say just parsing the words here a little bit of this statement, to receive an update does not sound like the president was somehow calling them to issue an new offer or to force some kind of a deal to a head. it sounds like he was checking in with those leaders to find out what's going on or what might be possible at this point. we are working on getting you more information on exactly what was said on those calls just yesterday from hawaii, guys. >> eamon, thank you for keeping us up to date, the view from d.c. let's just return to the discussion we were having with wolfgang coaster about what's happening with dollar yen and this huge move over three months, whether the dollar has accelerated, 11, 12% against the yen. wolfgang what does that mean for people sitting at home? >> the japanese are trying to get their products to be more comp pet it was than the u.s.
Search Results 0 to 23 of about 24 (some duplicates have been removed)

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